Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Haiti
PGD2USHTA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.31
Year-over-Year Change
-7.92%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures Haiti's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards and economic productivity between the two countries.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Purchasing Power Parity (PPP) Converted GDP Per Capita Relative to the United States metric compares Haiti's GDP per capita, adjusted for differences in purchasing power, to that of the U.S. This allows for a more accurate assessment of the relative economic well-being and productivity levels between the two countries.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method to convert GDP figures to a common currency and adjust for price level differences.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate economic development and living standards across countries.
Key Facts
- Haiti's PPP-adjusted GDP per capita is only 7.3% of the U.S. level.
- This metric has declined from 8.3% in 2010, indicating worsening relative living standards.
- The large gap reflects Haiti's low productivity and economic development compared to the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures Haiti's Purchasing Power Parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards and economic productivity between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate economic development and living standards across countries. It allows for a more accurate assessment of relative economic well-being and productivity levels.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (GEKS-CPDW) method to convert GDP figures to a common currency and adjust for price level differences.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, international institutions, and economists to assess comparative economic performance and living standards, informing decisions on development assistance, trade, and economic policies.
Q: Are there update delays or limitations?
A: The data is published with a delay, and may not fully capture short-term economic fluctuations. The PPP conversion process also has some inherent limitations in accurately reflecting price differences across diverse economic structures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Haiti (PGD2USHTA621NUPN), retrieved from FRED.